By Jocko Toic / September 13, 2017
Guaranteed Investment Certificate A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period of time, most commonly issued by trust companies or banks. Due to its low risk profile, the return is generally less than other investments such as stocks, bonds, or mutual funds.
Benefits of GICs. Your principal investment is safe and fully guaranteed. You can select from a wide range of terms and, with many GICs, access your money when you need it. Certain GICs allow you to take guaranteed interest payments as frequently as every month, so you can plan ahead.
GICs provide stability in today’s uncertain times. We think GICs will out perform other investment options over the next 5 years.